All agreed loans

Sweden. Kommunfastigheter i Laholm AB

Date of agreement: 26 Apr 2019
Country: Sweden
Customer: Kommunfastigheter i Laholm AB
Amount in SEK: SEK 140 million
Amount in EUR: EUR 13.2 million
Maturity: 25 years
NACE sector / loan type: Construction
Business area: Infrastructure, transportation and telecom

Project

The loan facility has been provided to finance the construction of a new primary school building and an adjacent indoor sports facility in Glänninge, municipality of Laholm.

Laholm, located on the Swedish west coast, is experiencing population growth, and expects that up to 1,150 additional school places will be needed by 2035.

The Glänningeskolan will accommodate 475 primary school students and include a kitchen as well as spaces for woodwork, handicraft and home education. The adjacent indoor sports centre will have a floor area of 2,200 m2 and provide improved opportunities for physical education.

Both premises are constructed according to the international Passive House standard (Darmstadt). Passive houses are energy-efficient buildings with minimized heat loss, which is achieved through well-insulated and airtight building envelops. Construction will be completed during 2019.

Kommunfastigheter i Laholm AB owns and manages properties that are leased to municipal businesses and external tenants in Laholm. The company is a subsidiary of Laholmshem AB, which is 100% owned by the municipality.

Fulfilment of NIB's mandate

Productivity:

High-quality childhood education is a pre-requisite for economic growth and employment. The new school building will provide a technically more advanced learning environment that is in compliance with the national core curriculum. The investment is further expected to increase the efficiency of public services.

Expected productivity impact:

  • Increased enrolment demand in the coming years
  • Improved student results

Environment:

The new, energy-efficient school building and sports facility in Glänninge are replacing older schools, and increasing the capacity. The buildings are constructed according to the Passive House Institute Standard (Darmstadt) and will have energy consumption levels of more than 50% below the current Swedish regulatory building norm. Geothermal wells will supply the heat needed. Overall, the investment enables energy savings of approximately 50% compared to the existing school buildings.

Expected environmental impact:

  • Annual energy demand of 21-25 kWh/m2, i.e. more than 50% below the Swedish regulatory building norm for new buildings.
  • Energy savings of approximately 50% compared to the existing school buildings.

Sustainability summary

No significant sustainability issues have been identified.

Press release

NIB finansierar ny grundskola i Laholm